GVR Realty is pleased to present this fully leased office investment opportunity in Acworth, Georgia. Acworth located
33 miles north of Atlanta is a booming submarket and bedroom community of the Atlanta MSA. The Walk at Mars Hill is located
at the intersection of Cobb Parkway (Hwy 41) and Mars Hill Road. This offering presents the following:
Acworth is an affluent northern suburb of Atlanta, which is the fourth fastest growing metro in the country. The area is
surrounded by affluent households with over $110,000 average household incomes within the 10 minute drive time radius.
Explosive residential growth in Cherokee and North Paulding Counties with a projected growth from 2021-2026 of over 7.5%.
9,000 SF Office Building (Bld 1000) 100% Leased – 3 Tenants
PT Solutions, Nalco, and Edward Jones
Suite #      Tenant       Sq. Ft.  Lease End Date  Gross Rents/Yr   Lease Rate/SFTÂ
Suite 1020    Nalco          2,250  4/30/2026        $ 45,945.00       $ 20.42
Additional Rent
Suite 2       Edward Jones  2,250   7/1/2028         $ 33,750.00        $ 15.00 2% escalations per year
Additional Rent(NNN)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â $ 15,592.50Â Â Â Â Â Â Â Â $ 6.93
Suite 3       PT Solutions   4,500 6/30/2026          $ 85,680.00       $ 19.04 Increases to $19.42 psf on 7/1/24
Additional Rent                                       $ 31,185.00        $ 6.93
Total Gross Revenue      9,000                    $ 212,152.50
Less Taxes $ (17,193.07) $ (1.91)
Less Insurance $ (1,623.00) $ (0.18)
Less Management Fee $ (7,319.00) $ (0.81)
Association Dues $ (20,250.00) $ (2.25)
Less Utilities (Electric) $ (4,701.00) $ (0.52)
Less Elevator Maintenance $ (4,996.70) $ (0.56)
Less Janitorial Service (Lobby) $ (900.00) $ (0.10)
Janitorial Service (Suite 1020) $ (3,600.00) $ (0.40)
Alarm Monitoring $ (504.00) $ (0.06)
Repairs & Maintenance $ (3,900.00) $ (0.43)
Annual Fire Inspection $ (954.77) $ (0.11)
Total Operating Expenses $ (65,941.54) $ (7.33)
Net Operating Income: $ 146,210.96
Purchase Price: 1,800,000Â Â CAP Rate : 8.11%